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HEAD N.V. and HTM Sport- und Freizeitgerate AG ("HTM"), a Subsidiary of HEAD N.V., Announce Further Extension of Early Tender Date and Expiration Date of Previously Announced Private Exchange Offer and Consent Solicitation Relating to HTM's EUR135,000,000 8 1/2 Senior Notes Due 2014
AMSTERDAM, Netherlands, June 5, 2009 (GLOBE NEWSWIRE) -- HEAD (VSX:HEAD) (Pink Sheets:HEDYY), a leading global manufacturer and marketer of sports equipment and HTM, a subsidiary of Head N.V., announced today that HTM is extending the early tender date and the expiration date of its previously announced offer to exchange (the "Exchange Offer") its outstanding EUR135,000,000 8 1/2% Senior Notes due 2014 (the "Existing Notes") for its new 10% Senior Secured Notes due 2014 (the "Secured Notes") until 5:00 p.m., London time, on June 19, 2009. The early tender date and the expiration date were previously 5:00 p.m., London time, on June 5, 2009. As a result, the settlement date for the Exchange Offer is expected to be postponed from June 11, 2009 to June 25, 2009. Lucid Issuer Services Limited, the exchange, information and tabulation agent in connection with the Exchange Offer, informed us that as at 5:00 pm, London time on June 4, 2009, approximately EUR6.6 million in aggregate principal amount of the Existing Notes were validly tendered in the exchange offer.